December 6, 2018 / 2:08 PM / 9 days ago

Brazil's Temer says leaving budget deficit under 130 bln reais

BRASILIA, Dec 6 (Reuters) - Brazil’s President Michel Temer said on Thursday that his government will leave a primary budget deficit of less than 130 billion reais ($33.3 billion) when he hands over to President-elect Jair Bolsonaro on Jan. 1.

Temer told reporters that Brazil could take up to 10 years to balance its federal budget. He urged Congress to pass his proposal for a minimum retirement age to advance the pension reform that his successor will inevitably have to tackle. (Reporting by Lisandra Paraguassú Writing by Anthony Boadle Editing by Chizu Nomiyama)

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